… announcing that it was acting as a result of developments in Kenya, relieves Uganda of any contagion from the bank’s collapse. The last time the Bank of Uganda closed a commercial bank was in September 2012, when it took over the management of the …
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Kenya’s central bank said on Tuesday it was putting Imperial … to buy dollars on expectation that the local currency will strengthen. At 0710 GMT, commercial banks posted the shilling at 102.90/103.00 to the dollar …
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Kenya Commercial Bank (Uganda) , is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the central bank and …
Bank of Uganda takes over Imperial Bank management – This morning the Central Bank of Kenya placed Imperial Bank Kenya limited … which mandates Bank of Uganda to take over the management of a commercial bank to protect depositor’s money. This particular section …
Early this month the retail giant closed some of its branches in Uganda and Tanzania spreading panic among … chain owed suppliers 2.3 billion shillings when it approached Kenya Commercial Bank for a half a million …
The move comes a month after the firm also announced plans to purchase Giro Commercial Bank Limited(GCBL … Burbidge Capital is a corporate finance advisory firm based in Kenya and Uganda. The company …
This prompted the Central Bank of Kenya (CBK) to issue a statement to calm fears of a run on commercial banks … Following CBK’s announcement, the Bank of Uganda (BoU) announced that Imperial Bank’s …
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